Market Overview

UPDATE: M Partners Reiterates Buy Rating, Raises PT on InterDigital on Strong Q4'12 Earnings

Share:
Related IDCC
Earnings Scheduled For February 19, 2015
InterDigital Reacts to CAFC Decision in ITC '800 Appeal
Polycom to Gain from RealPresence Growth, Competition Rife - Analyst Blog (Zacks)

In a report published Wednesday, M Partners reiterated its Buy rating on InterDigital (NASDAQ: IDCC), and raised its price target from $51.00 to $53.00.

M Partners noted, “A conference call was held on Thursday February 21st, and the company filed its 10-K report yesterday. After record Q3'12 earnings, driven by the windfall from the sale of patents for approximately $375M, we anticipate a very weak earnings quarter for Q4'12. The company beat our expectation by recognizing past infringement revenue associated with a new licensee.”

InterDigital closed on Tuesday at $44.81.

Latest Ratings for IDCC

DateFirmActionFromTo
Oct 2014BarclaysMaintainsEqual-weight
Jul 2014BarclaysMaintainsEqual-weight
Jul 2013M PartnersUpgradesHoldBuy

View More Analyst Ratings for IDCC
View the Latest Analyst Ratings

Posted-In: M PartnersAnalyst Color Price Target Analyst Ratings

 

Related Articles (IDCC)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→